Don’t chase Ethereum at high levels, watch for retracement at 2.78 and 2.82K!

Have a happy Saturday, the early morning pull-up was thrilling. We stopped profit at 2720 from more than 2560 Ethereum, and won 160 points. We didn’t chase the profits later, and didn’t stay up too late! The price of Ethereum once tested 2800, and now the price is 2760. There must be a retracement after the pull-up. Don’t chase at high levels, especially this sudden pull-up!

Ethereum is currently testing the upper rail pressure of the daily K level. Watch for a wave of retracement at high altitude. The intraday market has been sideways for a day, so there is not much to say about the indicators. The risk of chasing high positions is greater than shorting at high positions, so we watch for retracement at high altitude. On the one hand, the sideways trend will inevitably fall, and on the other hand, the market is up and down. After the pull-up, there will be a retracement, and then a rebound after the retracement. This is the normal trend!

Ethereum is short at 2780 and 2820, with targets at 2700 and 2650, and defense at 2840

The above is only my personal opinion, investment is risky, please be cautious when entering the market! #杰克逊霍尔年会 #新币挖矿DOGS #MtGox钱包动态 $BTC $ETH